Hyundai Motor America Reports Record-Setting May 2021 Sales

Rhea-AI Summary

Hyundai Motor America reported impressive May 2021 sales of 90,017 units, marking a 56% increase from May 2020 and achieving a new monthly sales record for the third consecutive month. Fleet sales surged by 95%, comprising 6% of total sales. Retail sales reached an all-time high of 84,351 units, a 54% increase with notable growth in SUVs (+34%) and eco-friendly vehicles (+887%). Hyundai also pledged $7.4 billion for U.S. investments in EV production by 2025, further solidifying its market position.

Positive

• Record monthly sales of 90,017 units in May 2021, up 56% from May 2020.
• Retail sales of 84,351 units represent the best month ever, a 54% increase.
• Strong demand across all segments, particularly in eco-friendly vehicles, which increased by 887%.

Negative

• None.

FOUNTAIN VALLEY, Calif., June 2, 2021 /PRNewswire/ -- Hyundai Motor America reported total May sales of 90,017 units, a 56% increase compared with May 2020. Hyundai again set an all-time monthly sales record for the third consecutive month. Fleet sales increased 95%, representing 6% of total volume.

"It's a great achievement for the entire organization to set a new monthly total and retail sales record for the third month in a row," said Randy Parker, senior vice president, National Sales, Hyundai Motor America. "Consumer demand across the Hyundai lineup remains strong and we continue to work closely with our manufacturing and supply chain partners to meet this extraordinary demand."

May Retail Highlights
May was also the best retail month ever, with 84,351 retail sales, up 54%. Retail sales rose for the entire lineup with SUVs (+34%), cars (+105%) and eco-friendly vehicles (+887%), all growing substantially. Eco-friendly vehicles also accounted for 11% of the retail volume.

May Total Sales Summary

	May-21	May-20	% Chg	2021 YTD	2020 YTD	% Chg
Hyundai	90,017	57,619	56%	334,670	222,462	50%

May Product and Corporate Activities

• IONIQ 5 North American Reveal: Hyundai unveiled the IONIQ 5 for North America, disrupting the EV market with its targeted driving range of 300 miles, sleek design, advanced technology and best-in-class ultra-fast charging from 10 to 80 percent in just 18 minutes
• Robert Wickens Races Again: Inspired to overcome a horrific IndyCar accident in 2018, Robert Wickens returned to the cockpit in a Hyundai Veloster N TCR car at the Mid-Ohio Sports Car Course
• Hyundai Motor Group Investment Pledge: Hyundai Motor Group announced its plan to invest $7.4 billion in the U.S. by 2025 to produce future EVs, enhance production facilities and further its investments in smart mobility solutions
• Pediatric Heatstroke Prevention: To help prevent pediatric heatstroke, Hyundai now offers 11 vehicles with Rear Occupant Alert technology
• National Salute to America's Heroes: Hyundai celebrated Memorial Day with its sponsorship of the Hyundai Air & Sea Show and a $50,000 donation to Folds of Honor

Model Total Sales

Vehicle	May-21	May-20	% Chg	2021 YTD	2020 YTD	%Chg
Accent	2,162	1,512	43%	9,145	7,055	30%
Elantra	18,821	7,608	147%	59,272	40,889	45%
Ioniq	2,174	626	247%	7,663	4,570	68%
Kona	9,731	6,536	49%	42,608	24,824	72%
Nexo	16	10	60%	112	64	75%
Palisade	8,051	7,866	2%	37,536	28,286	33%
Santa Fe	12,868	9,549	35%	51,908	35,053	48%
Sonata	13,487	5,852	130%	44,260	24,882	78%
Tucson	18,848	15,552	21%	68,896	47,725	44%
Veloster	244	858	-72%	1,253	3,481	-64%
Venue	3,615	1,650	119%	12,017	5,633	113%

Hyundai Motor America
At Hyundai Motor America, we believe everyone deserves better. From the way we design and build our cars to the way we treat the people who drive them, making things better is at the heart of everything we do. Hyundai's technology-rich product lineup of cars, SUVs and alternative-powered electric and fuel cell vehicles is backed by Hyundai Assurance—our promise to create a better experience for customers. Hyundai vehicles are sold and serviced through more than 820 dealerships nationwide and nearly half of those sold in the U.S. are built at Hyundai Motor Manufacturing Alabama. Hyundai Motor America is headquartered in Fountain Valley, California, and is a subsidiary of Hyundai Motor Company of Korea.

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SOURCE Hyundai Motor America

FAQ

What were Hyundai's sales figures for May 2021?

Hyundai Motor America reported sales of 90,017 units in May 2021, a 56% increase compared to May 2020.

What is the percentage increase in Hyundai's retail sales for May 2021?

Retail sales increased by 54% in May 2021, totaling 84,351 units.

How did fleet sales perform for Hyundai in May 2021?

Fleet sales for Hyundai rose by 95% in May 2021, making up 6% of total sales.

What are Hyundai's future investment plans in the U.S.?

Hyundai Motor Group announced a plan to invest $7.4 billion in the U.S. by 2025 to advance EV production and enhance manufacturing facilities.

Which vehicle segment saw the highest growth in May 2021 for Hyundai?

Eco-friendly vehicles saw the highest growth, increasing by 887% in May 2021.